Legora eyes $10bn funding valuation four months after last raise
AI legal tech firm Legora is eyeing a new funding round as it aims for a $10bn valuation, nearly double the $5.6bn it raised in April. The Stockholm-based startup, which creates AI tools for law and professional services firms and corporate in-house legal teams to draft and review documents, is reportedly in the early stages of [...]
AI legal tech firm Legora is reportedly seeking a new funding round to reach a $10bn valuation, doubling its $5.6bn raise in April. Based in Stockholm, Legora develops AI tools for law and corporate legal teams to draft and review documents. The startup has secured backing from Nvidia, NVentures, Atlassian, Barclays, Airtree, Insight Partners, and Liberty Global to date, raising $866m.
Legora's new round could involve selling some existing shares, per Financial Times reports. The tech firm's valuation signals growing investor interest in European AI startups, according to analysts. Legora is forming partnerships with law firms, such as Kirkland & Ellis, which has invested $500m in developing its custom AI platform alongside using Legora's tool.
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